Boston Common Asset Management LLC Has $11.60 Million Stock Position in Fifth Third Bancorp (NASDAQ:FITB)

Boston Common Asset Management LLC lessened its holdings in shares of Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 295,957 shares of the financial services provider's stock after selling 13,393 shares during the period. Boston Common Asset Management LLC's holdings in Fifth Third Bancorp were worth $11,602,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of Fifth Third Bancorp by 1.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 95,292 shares of the financial services provider's stock worth $3,735,000 after buying an additional 1,181 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Fifth Third Bancorp by 47.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 212,364 shares of the financial services provider's stock worth $8,979,000 after buying an additional 67,956 shares in the last quarter. Mattson Financial Services LLC raised its stake in shares of Fifth Third Bancorp by 8,866.7% in the 4th quarter. Mattson Financial Services LLC now owns 1,883 shares of the financial services provider's stock worth $81,000 after buying an additional 1,862 shares in the last quarter. Park Square Financial Group LLC bought a new stake in shares of Fifth Third Bancorp in the 4th quarter worth $49,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Fifth Third Bancorp in the 4th quarter worth $15,150,000. Institutional investors own 83.79% of the company's stock.

Fifth Third Bancorp Stock Down 0.5%

Shares of NASDAQ:FITB traded down $0.19 on Monday, reaching $38.00. The company had a trading volume of 1,338,726 shares, compared to its average volume of 4,491,916. Fifth Third Bancorp has a twelve month low of $32.25 and a twelve month high of $49.07. The stock has a 50-day moving average price of $36.73 and a 200 day moving average price of $41.18. The stock has a market capitalization of $25.36 billion, a P/E ratio of 12.10, a P/E/G ratio of 1.42 and a beta of 0.89. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.82.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. Fifth Third Bancorp had a net margin of 17.43% and a return on equity of 14.10%. The company had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the prior year, the company earned $0.70 earnings per share. On average, equities analysts expect that Fifth Third Bancorp will post 3.68 EPS for the current year.

Fifth Third Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date was Monday, March 31st. Fifth Third Bancorp's dividend payout ratio (DPR) is 46.98%.

Analyst Ratings Changes

FITB has been the topic of a number of research reports. Barclays dropped their price objective on Fifth Third Bancorp from $56.00 to $51.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Wells Fargo & Company dropped their price target on Fifth Third Bancorp from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. DA Davidson dropped their price target on Fifth Third Bancorp from $45.00 to $42.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Stephens reiterated an "equal weight" rating and set a $51.00 price objective on shares of Fifth Third Bancorp in a research report on Wednesday, March 5th. Finally, Truist Financial lowered their price objective on shares of Fifth Third Bancorp from $52.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.00.

About Fifth Third Bancorp

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.